The Nigeria Sovereign Investment Authority on Wednesday said it would invest the sum of $10m (N1.6bn) from the Sovereign Wealth Fund being managed by it in the Nigerian Mortgage Refinancing Company. The Managing Director/Chief Executive, NSIA, Mr. Uche Orji, disclosed this while briefing journalists in Abuja on the progress so […]
Tag: Uche Orji
FG appoints JP Morgan as Sovereign Wealth Fund custodian
The Federal Government has appointed a leading financial services firm, JP Morgan, as the custodian of the Sovereign Wealth Fund that is expected to become fully operational by the end of March. The Chief Executive Officer, SWF, Mr. Unche Orji, disclosed this to State House correspondents at the end of […]
First Bank director, others to manage Sovereign Wealth Fund
The Federal Government on Tuesday made a member of the board of First Bank of Nigeria Plc, Alhaji Mahey Rasheed, chairman of the management board of the Sovereign Wealth Fund. The SWF is to replace the controversial Excess Crude Account, which was set up to save extra income made from […]
